Monetary Accord Of 1951

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Definition: Monetary Accord Of 1951


Monetary Accord Of 1951


Full Definition of Monetary Accord Of 1951


An agreement reached between the Federal Reserve Board and the U.S. Secretary of the Treasury after World War II which gave the fed its independence from the Treasury and, contrary to the Treasury’s wishes, allowed it to increase interest rates on treasury bills issued to support the deficit resulting from the War.


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Definition Sources


Definitions for Monetary Accord Of 1951 are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.